Search found 12017 matches

by TomatoTomahto
Wed Apr 14, 2021 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

As usual, many folks here are confidently stating a 250k income will get no need based aid, or that it’d all be loans anyway. Thank you for pointing that out. I usually provide a view of an Ivy (either Yale because I know it or Princeton because it’s the most generous) and have done it often, but I...
by TomatoTomahto
Wed Apr 14, 2021 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Which is more forward-looking? Solar panels or Roth investment?
Replies: 27
Views: 1232

Re: Which is more forward-looking? Solar panels or Roth investment?

Just don’t get into one of those lease deals. Borrow if you must, but own the solar.
by TomatoTomahto
Wed Apr 14, 2021 1:03 pm
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 2751
Views: 273930

Re: [What TV Show Have You Recently Watched?]

BritBox has seasons 16, 17, 18 of Grand Designs available now. Seasons of this show are not always available. GREAT show if you enjoy architecture, building, and people who persist in their dreams.

:sharebeer :sharebeer :sharebeer
by TomatoTomahto
Wed Apr 14, 2021 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

Peer group in many ways is a function of who your child wants to hang with. There are great and meh peers at many schools. When I was in school, my peer group was amazing, and yet in the same school my 1st roommate's peer group was pretty terrible (a few of that group later dropped out). Same elite...
by TomatoTomahto
Wed Apr 14, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

I've asked this in several threads now, with no answer from anybody; outside of the education, how is the "experience" at an Ivy (or other "elite" U) different/better than state college? What is this "college experience" and why can't they get it at state U? Two words:...
by TomatoTomahto
Wed Apr 14, 2021 10:54 am
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

Uh, OK, simply strengthens one of the underlying points of "Operation Varsity Blues"; "elite" universities are the new Rolls Royce for parents. I don't begrudge anybody for spending $80k/yr to send their kid to a specific university without evidence it is somehow "better&qu...
by TomatoTomahto
Wed Apr 14, 2021 6:04 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

Investing in our kid is the most important investment we will ever make. Hey, you just might be smarter than the AverageBear :D BHs seem to keep repeating examples where the schooling didn’t matter, examples of their own success with minimal education, etc. I am reminded of the country lyric, “am I...
by TomatoTomahto
Tue Apr 13, 2021 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

Both of my kids worked while in college. One was an EMT, but too many hours affected his grades, so he did some graphics design on the side. Net net, I wish that he had just focused on school. The other did internships during the summers and TA work during the academic year. He made a bunch and it s...
by TomatoTomahto
Tue Apr 13, 2021 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

Outside of a STEM field, and even iffy at that, can you honestly answer that question and say that the ROI of putting that kind of money (out of pocket) be realized in a career that will approach 20% of that amount in earnings? I’m not sure on the “20% of that amount” math. Could you describe what ...
by TomatoTomahto
Tue Apr 13, 2021 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

OnTrack2020 wrote: Tue Apr 13, 2021 2:41 pm Does that price tag include room/board for 4 years? If so, have her move off-campus for sophomore, junior, and senior year. That will save quite a bit.
I’m not sure that we saved a lot of money, but our son learned to cook very well and he ate better food for the two years he was off campus.
by TomatoTomahto
Tue Apr 13, 2021 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

Outside of a STEM field, and even iffy at that, can you honestly answer that question and say that the ROI of putting that kind of money (out of pocket) be realized in a career that will approach 20% of that amount in earnings? I’m not sure on the “20% of that amount” math. Could you describe what ...
by TomatoTomahto
Tue Apr 13, 2021 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: First child entering college in the fall... need some advice
Replies: 92
Views: 5069

Re: First child entering college in the fall... need some advice

With income of $250 and only one child in college (at a time), you are unlikely to get any need-based financial aid from any but the most generous schools (eg, Princeton). Good on ‘ya for investing in her. My experience is that the ROI on education is worth it. Many BHs disagree, and that’s what mak...
by TomatoTomahto
Tue Apr 13, 2021 2:19 pm
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 44
Views: 4602

Re: What's your definition of "Family Money"?

Family Money = older generations have so significant wealth that they gift every year up to the gift limit to start wealth transfer early. I don’t think of us as being wealthy or having “family money,” whatever it turns out to be defined as, but we do gift to the annual max. A term that we use in t...
by TomatoTomahto
Tue Apr 13, 2021 1:54 pm
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 24862

Re: High spenders what do you spend on?

I looked into upgrading to business class on an upcoming international flight. It’s a bit over 3 hours and would cost me $550 each way for two....guys I just can’t do it. Ditto. We will start traveling again soonish, but we just don’t pay out-of-pocket for business or first class. We have enough mo...
by TomatoTomahto
Tue Apr 13, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: walking the last mile - selling our family home
Replies: 12
Views: 1729

Re: walking the last mile - selling our family home

Your timing could not be better (except maybe the pied).

Just do it. We moved out of the house we raised our kids in; nobody has looked back.
by TomatoTomahto
Tue Apr 13, 2021 10:57 am
Forum: Investing - Theory, News & General
Topic: For a 40/60 Allocation, what would you choose ?
Replies: 14
Views: 1474

Re: For a 40/60 Allocation, what would you choose ?

Total Bond, Total Stock, and Total International Stock.
Or
Total Bond and Total World.
by TomatoTomahto
Tue Apr 13, 2021 10:51 am
Forum: Investing - Theory, News & General
Topic: What's your definition of "Family Money"?
Replies: 44
Views: 4602

Re: What's your definition of "Family Money"?

Family Money = older generations have so significant wealth that they gift every year up to the gift limit to start wealth transfer early. I don’t think of us as being wealthy or having “family money,” whatever it turns out to be defined as, but we do gift to the annual max. A term that we use in t...
by TomatoTomahto
Tue Apr 13, 2021 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Gift Tax
Replies: 18
Views: 738

Re: Gift Tax

Am I able to reduce my taxable income by reporting a monetary gift of up to $15,000 per person? I don't think that is the case, but why else would I need to report this to the IRS. You report gifts of greater than $15k because they reduce your Federal lifetime estate exclusion. Not a worry for most...
by TomatoTomahto
Tue Apr 13, 2021 8:44 am
Forum: Personal Investments
Topic: Do brokers close accounts of angry customers?
Replies: 32
Views: 2664

Re: Do brokers close accounts of angry customers?

I got snarky with a Fidelity rep when their bank (UMB) refused payment on a Vanguard order because they held an ACH from BoA for 5 days after receipt. It was the first time in 50+ years I’d bounced anything, and I found it humiliating and emotional. My rep (not the person I spoke to, but my identifi...
by TomatoTomahto
Tue Apr 13, 2021 8:38 am
Forum: Personal Investments
Topic: Fidelity pushing deferred annuity
Replies: 14
Views: 1324

Re: Fidelity pushing deferred annuity

Thanks for the replies. MYGA's may be the way to go for increased return; I will need to think on it. Maybe I stay with Fido, but I think I will do it without the "consultants" help. He seemed more interested in talking than listening, and things I told him in previous calls he did not se...
by TomatoTomahto
Tue Apr 13, 2021 6:38 am
Forum: Personal Consumer Issues
Topic: High spenders what do you spend on?
Replies: 255
Views: 24862

Re: High spenders what do you spend on?

I was thinking about this thread yesterday and I realized that we spend a significant amount paying other people. Particularly the nanny, who recently requested a healthy pay increase. Nanny. Cleaning service. Landscapers. Pest control. There’s a lot of people to be paid. Some days as I pull out of...
by TomatoTomahto
Tue Apr 13, 2021 6:08 am
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

I've read the study multiple times and I never saw a convincing argument for why being REJECTED from Princeton should make you more successful in life or be a proxy for unobserved student ability. To the extent applying to a school which rejects you is a proxy for anything, it's a measure of whethe...
by TomatoTomahto
Mon Apr 12, 2021 7:13 pm
Forum: Personal Investments
Topic: Fidelity pushing deferred annuity
Replies: 14
Views: 1324

Re: Fidelity pushing deferred annuity

My experience is similar to dbr’s. They’ll occasionally offer to help and I tell them that I’m fine, thanks. They’re not pushy beyond the occasional poke.
by TomatoTomahto
Mon Apr 12, 2021 11:56 am
Forum: Investing - Theory, News & General
Topic: Risk/Reward of Private Investments
Replies: 12
Views: 806

Re: Risk/Reward of Private Investments

One private investment 20 years ago for $10k. Never returned a dime. K-1s were always late.

Everything considered, cheap tuition. DW reminds me every 5 years or so.
by TomatoTomahto
Mon Apr 12, 2021 7:25 am
Forum: Personal Consumer Issues
Topic: Bird Repellent Methods
Replies: 15
Views: 1089

Re: Bird Repellent Methods

Try a decoy scarecrow owl. https://www.amazon.com/dp/B08R7T12QV?pd_rd_i=B08R7T12QV&pd_rd_w=w6XhH&pf_rd_p=3465d0d7-4e28-4692-b633-326c458deaa4&pd_rd_wg=cKWyQ&pf_rd_r=GJFY5GTEYGVK28JERQWW&pd_rd_r=f96732e8-233b-4a53-83df-635c632112c9 Hahahaha. The birds use ours for target practice...
by TomatoTomahto
Mon Apr 12, 2021 6:26 am
Forum: Personal Consumer Issues
Topic: Bird Repellent Methods
Replies: 15
Views: 1089

Re: Bird Repellent Methods

Perhaps you could make another area more enticing. We have our “giving tree” that has a great variety of different foods available, bird baths, etc., so the birds spend most of their time over there.
by TomatoTomahto
Mon Apr 12, 2021 6:23 am
Forum: Personal Consumer Issues
Topic: Best 4 wheel drive vehicle
Replies: 70
Views: 5384

Re: Best 4 wheel drive vehicle

Any Rover is going to be able to do the offroading duties. While they are very expensive, they are designed to get you through terrain that's very rough. We have owned a number of Rovers and spent a week in one on an African safari. They are absolutely rock solid in any weather/off-road situation, ...
by TomatoTomahto
Sun Apr 11, 2021 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11082

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

What states tax Roth IRA withdrawals? I am not aware of any. There aren't any. I was trying to point out the futility of speculating on future tax law changes. While speculation, I would expect RMDs to be included with Roth IRAs before taxation. I think the risk is small as Roth’s represent a very ...
by TomatoTomahto
Sun Apr 11, 2021 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

I do agree (and stated as much earlier) that few schools are worth what they charge. I wouldn't pay $300K for USC. Your spreadsheet is very interesting for a number of things, but it’s hard to imagine the meeting where $4,000 merit aid was decided (unless it was formulaic and deterministic). Tuft’s...
by TomatoTomahto
Sun Apr 11, 2021 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

No amount of money can repeat 4 years being surrounded by highly motivated peers. Smart highly motivated kids end up together in the harder classes, no matter where you go to school. If your kid is smart enough to get into the top schools, they will be in the top 5% at Flagship State. And they will...
by TomatoTomahto
Sun Apr 11, 2021 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

I do agree (and stated as much earlier) that few schools are worth what they charge. I wouldn't pay $300K for USC. Your spreadsheet is very interesting for a number of things, but it’s hard to imagine the meeting where $4,000 merit aid was decided (unless it was formulaic and deterministic). Tuft’s...
by TomatoTomahto
Sun Apr 11, 2021 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: The primary factor for picking a College/University is out of pocket cost
Replies: 164
Views: 7718

Re: The primary factor for picking a College/University is out of pocket cost

As someone jokingly said it's where you can meet your spouse, but there's a lot of truth in that. And I think we're WAAAAY past the point of thinking that any parent or student should believe that any part of the value of college is a MRS degree. I don't know why you are dismissive of this. All ane...
by TomatoTomahto
Sun Apr 11, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11082

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

What states tax Roth IRA withdrawals? I am not aware of any. There aren't any. I was trying to point out the futility of speculating on future tax law changes. While speculation, I would expect RMDs to be included with Roth IRAs before taxation. I think the risk is small as Roth’s represent a very ...
by TomatoTomahto
Sun Apr 11, 2021 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10510

Re: In-Laws' HOA demanding $8000 lumpsum payment

Also in many communities the trend is to let your yard becomes more natural and eco-friendly rather than a manicured lawn that sucks down water and chemicals. +1 I think there’s a common belief that a meadow just means that you have neglected a beautiful natural lawn. Since we are on our own well, ...
by TomatoTomahto
Sun Apr 11, 2021 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3672

Re: Financing to Purchase Law Firm

There is nothing to say that you are going to be able to keep clients coming in the door once the other folks leave, or even keep the current clients. Not a lawyer or a doctor/dentist, but I would think that it’s a big difference when buying a practice. Everything equal, if my dentist sells his/her...
by TomatoTomahto
Sun Apr 11, 2021 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11082

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

I've just seen so many posts about people simply ranting about having to eventually pay taxes on tax-deferred funds, as if they forgot that tax-deferred does not mean 'never pay taxes', that I'm quite jaded about this specific issue. I agree! Most people think of their tIRA and t401k balances as “t...
by TomatoTomahto
Sun Apr 11, 2021 9:20 am
Forum: Personal Consumer Issues
Topic: Repair plasma television or get new TV?
Replies: 76
Views: 5565

Re: Repair plasma television or get new TV?

LadyGeek wrote: Sat Apr 10, 2021 7:00 pm Welcome to the world of 4K resolution (Ultra High-Def "UHD"). Wow. :beer
I missed my plasma for a bit (no pun intended :D ), but the OLEDs have surpassed any expectations I could have had. Welcome to the OLED club.
by TomatoTomahto
Sun Apr 11, 2021 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB
Replies: 154
Views: 11082

Re: Ed Slott's new book NEW RETIREMENT SAVINGS TIME BOMB

For the most part, only a small minority of retirees will be in a higher tax bracket than when they were working (unless they move to a state with higher taxes). And I don't feel sorry for those who are because it will nearly always (apart from the potentially lost child tax credit) mean that they ...
by TomatoTomahto
Sun Apr 11, 2021 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2899

Re: Seeking advice - College selection - Premed

Not sure if TomatoTomahto was commenting on the undergrad or medical school at Rutgers. New Brunswick area is a huge campus, some thrive in the environment and some don't. I had one child at the New Brunswick campus for undergrad. He was a non-traditional student which might have been a factor. The...
by TomatoTomahto
Sun Apr 11, 2021 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2899

Re: Seeking advice - College selection - Premed

My wife was similarly convinced that she would be in human or veterinary medicine. She has had a great career in banking and technology :D Changing majors and intention is normal, not abnormal. One child’s school preferred that a major not even be announced until after the first year. Regardless of ...
by TomatoTomahto
Sat Apr 10, 2021 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10510

Re: In-Laws' HOA demanding $8000 lumpsum payment

Sorry to have taken the thread OT. FWIW, I made my choice about where to live.
by TomatoTomahto
Sat Apr 10, 2021 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: In-Laws' HOA demanding $8000 lumpsum payment
Replies: 91
Views: 10510

Re: In-Laws' HOA demanding $8000 lumpsum payment

HOA is such a nonsense. Its a free country people! Why would you get Involved with HOA in the first place. Freedom is an illusion. There are countless laws and regulations that effect every moment of our lives. There are even rules that govern my response to you here. It appears the OP's in-laws mi...
by TomatoTomahto
Sat Apr 10, 2021 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3565

Re: Remodel during housing hysteria?

We haven't even put solar on because we'll probably need to reshingle in about 9 years. Everyone’s situation and available land is different, but when we saw the house we ended up buying, it had a large ground mounted solar installation. Dumb as I am, I hadn’t considered a ground mount until I saw ...
by TomatoTomahto
Sat Apr 10, 2021 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3565

Re: Remodel during housing hysteria?

I would tear down and build new with a twist. I would contact a modular builder. This is where they build off site and then combine those pieces and finish on site. This is a very high quality build. The reason I would do this is that it would allow me to keep living in the current house for most o...
by TomatoTomahto
Sat Apr 10, 2021 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3565

Re: Remodel during housing hysteria?

What about traditional fiberglass insulation instead of spray foam? You could probably do the whole house in a weekend all by yourself. In my neck of the woods, the spray foam guy drives a Mercedes... the difference is cost is potentially significant. The difference in insulation value is immense. ...
by TomatoTomahto
Fri Apr 09, 2021 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Remodel during housing hysteria?
Replies: 54
Views: 3565

Re: Remodel during housing hysteria?

Our builder and plumber had floated the idea that we actually just start over. Tear down the house and build a new house. This has major pluses, because it would be exactly what we want. I had originally thought the idea was quite wasteful but there would certainly be advantages. The house would ha...
by TomatoTomahto
Fri Apr 09, 2021 3:10 pm
Forum: Investing - Theory, News & General
Topic: Beat the market by only holding after hours
Replies: 56
Views: 3328

Re: Beat the market by only holding after hours

mrmass wrote: Fri Apr 09, 2021 2:09 pm Sounds a fun as check kiting.
Thank you for my daily chuckle. :D
by TomatoTomahto
Fri Apr 09, 2021 1:23 pm
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 47001

Re: who here is tempted to pullback on stocks?

I’m somewhat tempted in the opposite direction. As part of a quasi-Liability Matching Portfolio (LMP) (emphasis on quasi rather than LMP :D ), I put $3M in “safe-ish” assets (eg, TBM, Stable Value, cash, etc). That has grown to $3.7M while I wasn’t watching. Should I trim it to $3M? It’s tempting, b...
by TomatoTomahto
Fri Apr 09, 2021 12:34 pm
Forum: Personal Investments
Topic: Allocate 401k by contribution source
Replies: 15
Views: 921

Re: Allocate 401k by contribution source

... Person C: waits to gather information and have an informed view.

You say Tomato and I say Tomahto.