Search found 822 matches

by phxjcc
Thu Apr 15, 2021 8:07 pm
Forum: Personal Consumer Issues
Topic: Why leasing a new car is always the best option even if you intend to keep it forever
Replies: 72
Views: 6130

Re: Why leasing a new car is always the best option even if you intend to keep it forever

You are in the market for a new Honda Accord. You intend to keep it forever. Let’s say the selling price is $25k, and Honda expects the car to depreciate $10k in the first three years. Your total lease cost is $10k + taxes + interest. At the end of the lease you have the option to buy out the remai...
by phxjcc
Thu Apr 15, 2021 1:18 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 72
Views: 6169

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

I saw another post like this, but it was pretty old, so I'm posting something similar to see if anything has changed. Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)? I bought a used car from a large dealership and paid by check. They said that the on...
by phxjcc
Thu Apr 15, 2021 12:49 am
Forum: Personal Consumer Issues
Topic: 10+ year old used cars?
Replies: 51
Views: 3293

Re: 10+ year old used cars?

What is the maximum age of a used car you would consider and why? Historically, we've purchased Hondas and Toyotas that are about 10 years old and 100,000 miles. We've put nearly 170,000 miles on our 1999 Toyota Camry that we bought 13 years ago with 106,000 miles. The Camry still runs really well,...
by phxjcc
Wed Apr 14, 2021 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?
Replies: 72
Views: 6169

Re: Does it make sense that a car dealer needs to do a hard pull if you pay in full by check (cash)?

2013 in California:
I was told by the GM at the dealer that "it was illegal to do a hard pull if the customer was paying cash".
He'd been in the business forever.

I was paying via cashiers check.
by phxjcc
Wed Apr 14, 2021 1:10 pm
Forum: Personal Consumer Issues
Topic: 2021 Wrangler Rubicon unlimited
Replies: 29
Views: 2135

Re: 2021 Wrangler Rubicon unlimited

Hi, I'm in the market to buy a 4x4 for off-roading. I have never done any serious off-roading but recently developed interests in learning it. I want to be able to do some entry level rock crawling someday. I drove a Wrangler Sport unlimited when I was in Hawaii for a vacation few years ago. I don'...
by phxjcc
Mon Apr 12, 2021 2:52 pm
Forum: Investing - Theory, News & General
Topic: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement
Replies: 27
Views: 1944

Re: Ross Gerber (Wealth Management) claims index funds won’t have high enough returns to fund retirement

Thought it was interesting just how arrogant some of these active fund managers are and completely oblivious to their inability to predict the future. They're in sales. The "client" is purchasing what they sell. Which of course is not a guaranteed rate of return, only a guaranteed higher ...
by phxjcc
Sun Apr 11, 2021 9:28 pm
Forum: Personal Consumer Issues
Topic: Anyone prefer their old golf clubs?
Replies: 54
Views: 4204

Re: Anyone prefer their old golf clubs?

Yes, Ping did make wooden "woods," years ago, but few people played with them. They were beautiful clubs. I never hit one. I've been custom fitted twice for irons. It's interesting that the fittings were 20 years apart, but both recommended I get my lies anlges adjusted 2 degrees up from ...
by phxjcc
Sun Apr 11, 2021 9:00 pm
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 75
Views: 5848

Re: Best 4 wheel drive vehicle

2013-ish LX570. Terrible mileage Great reliability. Old school tech, but it is a Land Cruiser in Lexus guise. Truly a “forever” vehicle. Land Cruiser demands higher resale prices than LX because the IH8MUD guys don’t like the AHC in the Lexus because they think they are going boondocking every day. ...
by phxjcc
Fri Apr 09, 2021 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Need help - $7K not traceable with bank
Replies: 6
Views: 1385

Re: Need help - $7K not traceable with bank

Makefile wrote: Fri Apr 09, 2021 2:17 pm Try Consumer Financial Protection Bureau complaint
^^^
This.
Open a case number.
Send a registered/return receipt letter with a copy of the case number & CFPB submittal to the CEO.

Done.
by phxjcc
Fri Apr 09, 2021 4:42 pm
Forum: Personal Consumer Issues
Topic: Smoker recommendations? Meat, not Marlboro.
Replies: 31
Views: 2731

Re: Smoker recommendations? Meat, not Marlboro.

This is what I use. https://www.acehardware.com/departments/outdoor-living/grills-and-smokers/gas-grills/8450090?store=17201&gclid=CjwKCAjw9r-DBhBxEiwA9qYUpYwqASzgyQXP_66KBLOmSqIFuOSvYdcXfRyCpi9yTZ6u_m_q6UtHPhoCF0UQAvD_BwE&gclsrc=aw.ds Cheap, easy, does the job. Best website: https://amazing...
by phxjcc
Fri Apr 09, 2021 2:28 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23757

Re: What is the BEST thing you spent money on?

This.

Because I am not a 12 year old carrying books to school.

https://alpine-luddites.myshopify.com/c ... /face-nord

Lunch, water, jacket, ten essentials, camera equipment.

Support local and USA made businesses.
by phxjcc
Thu Apr 08, 2021 11:56 pm
Forum: Personal Consumer Issues
Topic: How do I learn to buy a car?
Replies: 15
Views: 1430

Re: How do I learn to buy a car?

1. Go through Costco for pricing.
2. Say NO to everything the Finance guy at the dealership offers.
3. Wait at least 6 months for supply constraints to ease.
4. Get your financing through a credit union.
5. Go to Reddit /askcarsales to see the underbelly of the business.
by phxjcc
Wed Apr 07, 2021 2:32 pm
Forum: Personal Consumer Issues
Topic: 2019 Porsche Macan Excessive Tire Noise: Options?
Replies: 54
Views: 3657

Re: 2019 Porsche Macan Excessive Tire Noise: Options?

I have a 2019 Porsche Macan which I bought new and like very much EXCEPT at 40 mph and above there is excessive tire noise. It really ruins what would otherwise be an enjoyable driving experience. The tires that came with the vehicle are Pirellli brand, not exactly a cheap tire. I only have 12,500 ...
by phxjcc
Wed Apr 07, 2021 2:25 pm
Forum: Personal Consumer Issues
Topic: Pool Walking Shoe?
Replies: 8
Views: 751

Re: Pool Walking Shoe?

Following...need ideas also
by phxjcc
Wed Apr 07, 2021 2:21 pm
Forum: Personal Consumer Issues
Topic: The best $10,000 to $15,000 vehicle.
Replies: 42
Views: 3297

Re: The best $10,000 to $15,000 vehicle.

Porsche Boxster.

Yes, I am serious.
by phxjcc
Wed Apr 07, 2021 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Landlords: How are you doing this year?
Replies: 164
Views: 20868

Re: Landlords: How are you doing this year?

STVR owner.

Business has been incredible.
10% gross, 8% net.
+ 20% prop value increase.
by phxjcc
Wed Apr 07, 2021 2:05 pm
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2688

Re: Shoe Choice for a Walker

My wife and I walk about five miles every day (sometimes up to ten miles). The miles take a toll on my walking shoes, and I'm ready to replace my second pair of Solomon X-Ultra 3 hiking shoes (most recent pair purchased on 11/8/2020). The heel end of the sole has worn through. Price is not an issue...
by phxjcc
Wed Apr 07, 2021 2:01 pm
Forum: Personal Investments
Topic: How much cash do you really hold?
Replies: 91
Views: 6279

Re: How much cash do you really hold?

flyingaway wrote: Wed Apr 07, 2021 10:28 am When the market crashes, you wish you had more cash.
I agree.

1 year normal expenses plus any extra ordinary purchases.

Think of it as an insurance premium against market loss.

That $120,000 you need next year can easily cost you $200,000 in a down market.
by phxjcc
Wed Apr 07, 2021 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax bill split between spouses
Replies: 81
Views: 4274

Re: Tax bill split between spouses

The tax code is progressive, so 4:1 isn’t fair to her. Calculate what you would each owe independently, then see what you owe together and adjust. It very well could be you’d owe 140k and her 30k but MFJ brings it down to 150k and you can split the savings in half from being married. Otherwise you ...
by phxjcc
Wed Apr 07, 2021 1:40 pm
Forum: Personal Consumer Issues
Topic: The $2000-$4000 Car :) This made me wealthy so jump on board
Replies: 281
Views: 20317

Re: The $2000-$4000 Car :) This made me wealthy so jump on board

Good Morning, Everyone has their "thing" that they enjoy to spend money on so if cars are your "thing" then please don't be offended. I have no problem dropping $500 on a round of golf at Whistling Straits or spending $200 on a meal every now and then. With that being said I am ...
by phxjcc
Wed Apr 07, 2021 12:45 am
Forum: Personal Consumer Issues
Topic: Family car
Replies: 86
Views: 6687

Re: Family car

I’m looking to buy a family car to transport 5 people including two kids in car seats. My top contenders are Kia Telluride/ Hyundai Palisade. It’s killing me that I’m not only buying a gas guzzler, but about to drop $45k on it. I really thought my next car would be an electric car, but there aren’t...
by phxjcc
Tue Apr 06, 2021 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4294

Re: Snowbirds - mail and bills

Does anybody leave a battery tender on and charging the battery while being away all winter long? Any fire safety issues with that? Do you put your gas water heater on Vacation setting or shut it off completely? What is the default room temperature that you maintain while away? Do you turn water of...
by phxjcc
Tue Apr 06, 2021 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4294

Re: Snowbirds - mail and bills

My wife and I will be retired at month's end. We have rented a home out west for 5 months starting in the Fall. We have lined up someone to keep an eye on the house, drive the cars, etc., but I'm wondering how others have handled their mail and paying bills back home while away for an extended peri...
by phxjcc
Sat Apr 03, 2021 12:08 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 35796

Re: Retire with Less Than $1 million?

I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had to defer prop tax; a county program was available. She did just fine. Was VERY fr...
by phxjcc
Fri Apr 02, 2021 3:21 pm
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 35796

Re: Retire with Less Than $1 million?

Anyone retired with less than $1M AND retired early, by early I mean before 60. I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had t...
by phxjcc
Fri Apr 02, 2021 3:15 pm
Forum: Personal Investments
Topic: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?
Replies: 120
Views: 12635

Re: What Are You Doing Given Record Stock Market Highs and What Is Your Situation?

So I do think it's different. MrCheapo, Your investment plan should not be dependent on your ability to predict or understand the market. I know that I know nothing. Hence, my investment plan works regardless of how the market choose to behave. I do not need to think or know whether this times is d...
by phxjcc
Fri Apr 02, 2021 1:52 am
Forum: Personal Investments
Topic: Retire with Less Than $1 million?
Replies: 175
Views: 35796

Re: Retire with Less Than $1 million?

Anyone retired with less than $1M AND retired early, by early I mean before 60. I am sure there are plenty of folks like that, but with pensions. For goodness sakes. Quit scaring people. Aunt & Uncle <$100,000 in savings Mid point SSA Paid off house, car He died early, she lived to 82 She had t...
by phxjcc
Thu Apr 01, 2021 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Previous Salary req before offer
Replies: 24
Views: 2082

Re: Previous Salary req before offer

Until a year or so ago when NY made this question illegal, this was a requirement for any Wall St job. You couldn’t play the wording games suggested in this thread as you would also be expected to show a pay statement and a deferred comp statement. So feel free to take a hard line as other have sug...
by phxjcc
Tue Mar 30, 2021 2:52 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 25170

Re: High spenders what do you spend on?

Get sick. Medical: $26,000 per year, unreimbursed, mostly for Rx's. Buy a second/third residence....however, if you do it right your NW will increase more than cash decreases. Get expensive toys and use them. Planes are number one Boats Race cars RV's Golf vacations Art collections Car collections B...
by phxjcc
Mon Mar 29, 2021 12:35 pm
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10651

Re: Curious about negative expat experiences -- why don't more people do it?

I am in academics and sabbaticals of up to one year abroad are common and a perk of the profession. Most people have fantastic experiences. Thirty years ago I lived for three years in a European country where I didn’t speak the local language. The feeling of “otherness”, especially if you look diff...
by phxjcc
Sun Mar 28, 2021 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Sell the Big House or Keep?
Replies: 45
Views: 5018

Re: Sell the Big House or Keep?

While I read Millionaire Next Door, Rich Dad Poor Dad, and others awhile ago, I only discovered Bogleheads this past year. While I have always been fiscally responsible, this forum has taught be quite a bit. My ultimate question is: Should I sell the "Big House" I currently own or keep it...
by phxjcc
Fri Mar 26, 2021 2:30 am
Forum: Personal Consumer Issues
Topic: Convince me - for or against bigger home
Replies: 106
Views: 7838

Re: Convince me - for or against bigger home

Buy what you want.

New payment is 25% of base.
End of story!
by phxjcc
Fri Mar 26, 2021 2:21 am
Forum: Personal Consumer Issues
Topic: Help me DIY bath remodel
Replies: 51
Views: 2916

Re: Help me DIY bath remodel

I think the whole Kohler at Home Depot vs say boutique is all urban legend. I know I've heard it many times - the Home Depot version is made at a price point and specifically for Home Depot. Anyhow - I pulled the trigger and went with Home Depot - as they had the best prices. I did go with the 1 pi...
by phxjcc
Wed Mar 24, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: What is an average retirement a/c worth in America ?
Replies: 228
Views: 22385

Re: What is an average retirement a/c worth in America ?

The ultimate goal is to have on the order of 25 times your annual spending in liquid assets at retirement. Average would not help unless your spending is indeed average. What does a/c mean? A/c is account. I understand that lifestyle matters. My question is if the millions in investments in one's 3...
by phxjcc
Sat Mar 20, 2021 9:45 pm
Forum: Personal Consumer Issues
Topic: My $2 a day car - for frugal living / car depreciation nerds.
Replies: 40
Views: 5824

Re: My $2 a day car - for frugal living / car depreciation nerds.

...and here comes the "I bought an 'xx' for $N and sold it for 2*$N".

In 3, 2, 1.....
by phxjcc
Thu Mar 18, 2021 9:12 pm
Forum: Personal Consumer Issues
Topic: What is the BEST thing you spent money on?
Replies: 242
Views: 23757

Re: What is the BEST thing you spent money on?

2004 Trip to Australia to meet son on R & R from duty in the Gulf.

Didn't have the funds, charged it all on credit cards, a very non boglehead thing to do.

Priceless.

Money is not everything.
by phxjcc
Wed Mar 17, 2021 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Q? for Tax Guru's: Minor Correction to 1099
Replies: 5
Views: 338

Q? for Tax Guru's: Minor Correction to 1099

Schwab sent me a corrected 1099-DIV, which increased my Div's by a whopping $1.56; it says "paid in 2021 for 2020". Changed TurboTax return and NO changes to Fed or State refund. So....do I file an amended 2020 return, or count this as 2021 income for next year. As an FYI...this was appare...
by phxjcc
Mon Mar 15, 2021 2:30 pm
Forum: Investing - Theory, News & General
Topic: Real estate vs stocks (sp500) , this convinced me to just buy and hold
Replies: 49
Views: 4995

Re: Real estate vs stocks (sp500) , this convinced me to just buy and hold

Long time lurker here and I finally convinced myself to just buy and hold SP500 The results are pretty eye popping to me , I did this research because I was trying to figure out which performed better over the long run stocks (VFINX) vs real estate. There are other factors to this such as prop taxe...
by phxjcc
Sat Mar 13, 2021 11:17 pm
Forum: Investing - Theory, News & General
Topic: Investing in Real Estate - Rental Income?
Replies: 23
Views: 2437

Re: Investing in Real Estate - Rental Income?

I have heard anecdotally that the lowest income areas have the highest ROI's. However, the angst and hassle factors are off the charts. If you. can gross 8 %, net 5%, and show a loss on your Sched E..., consider that good these days. Or buy Section 8 housing for $100k, charge $1200/month and be a ga...
by phxjcc
Sat Mar 13, 2021 11:02 pm
Forum: Personal Investments
Topic: Saver with a late start - Mission 2040
Replies: 29
Views: 3550

Re: Saver with a late start - Mission 2040

dziuniek wrote: Thu Mar 11, 2021 7:58 pm Only on bogleheads is 1M at 40 late :)

Edit: I wish :)
Slackers!
by phxjcc
Fri Mar 12, 2021 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Related Retirement Questions
Replies: 11
Views: 1132

Re: Real Estate Related Retirement Questions

1. How much of your net worth is tied up in Real Estate? Currently, our primary residence is about 10% of our net worth. Just curious how much more of NW is reasonable to have in real estate. 2. Do you have a mortgage on your 2nd home or own your properties fully outright? We don't have a mortgage ...
by phxjcc
Fri Mar 12, 2021 2:38 pm
Forum: Investing - Theory, News & General
Topic: Are we in a housing bubble?
Replies: 298
Views: 36940

Re: Are we in a housing bubble?

Oh no, it's different this time! Isn't it always? 😂 Story time..... In 2006 I played golf with two guys from the FSLIC, or whatever the new version was at the time....and they assured me that the housing crisis predicated by the S&L crisis was not happening again. Because, "yah know--its d...
by phxjcc
Thu Mar 11, 2021 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46791

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

I might get an inheritance in the future. My favorite.... :annoyed Aunt dies without will or trust in rural Wisconsin. Aunt owned chain of beauty parlors and apartment buildings. Sole surviving relative (niece; by her father's sister) learns of and stops disbursement of probate to handyman and his ...
by phxjcc
Wed Mar 10, 2021 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I cancel earthquake insurance?
Replies: 37
Views: 3140

Re: Should I cancel earthquake insurance?

Try Hartford.
I know, I hate the endless AARP MARKETING also—but my agent said they have the best coverage, and a low deductible.

I had Farmer’s when the Northridge quake hit—-they were great.
by phxjcc
Wed Mar 10, 2021 12:53 am
Forum: Personal Consumer Issues
Topic: Jobs You Can Buy Your Way Into?
Replies: 7
Views: 1529

Re: Jobs You Can Buy Your Way Into?

This is a concept that interest me though I can’t say I can ever imagine doing it myself. What made me think of it was reading about how difficult it is to become a VC. The same article mentioned how some of the better off ex-sports stars are actually courted for such positions though since they ha...
by phxjcc
Tue Mar 09, 2021 1:39 pm
Forum: Personal Finance (Not Investing)
Topic: Renting for life - a bad idea?
Replies: 156
Views: 11599

Re: Renting for life - a bad idea?

It's an expense, just like other living expenses. Insurance, food, gas can all increase, and so can rent. Owning a house exposes you to repairs, maintenance, and all kinds of other issues that you don't have as a renter. Don't fall into the trap of feeling secure in thinking that owning gives you a...
by phxjcc
Mon Mar 08, 2021 3:58 am
Forum: Personal Consumer Issues
Topic: Estate (Home) clean-out after my parents passing - tips and best practices?
Replies: 53
Views: 5828

Re: Estate (Home) clean-out after my parents passing - tips and best practices?

Hi Everyone hoping the wisdom of the crowds can help with this one. Especially if you've had this experience recently. Background: Unfortunately both of my parents passed away within the last year+. They lived for over 50 years in the house that I grew up in (in a NYC suburban part of one of the bo...
by phxjcc
Sun Mar 07, 2021 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 46791

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

I might get an inheritance in the future. Set hard rules for yourself IN WRITING that you can commit to. E.g., 1. I will make no major purchase for 6 months. 2. Toys will not exceed 5% of inheritance. 3. Any relationship will not commingle funds. 4. I will work for 1 year after the inheritance. 5. ...
by phxjcc
Thu Mar 04, 2021 11:30 pm
Forum: Personal Investments
Topic: Financial advice for young couple
Replies: 9
Views: 1219

Re: Financial advice for young couple

Let’s define terms, shall we?
Re: your “80% of the country”

“80% of the country” in surface area? True
“80 of the country” meaning 80 % of the most populous MSA’s? False