Search found 3258 matches

by Nowizard
Tue Apr 13, 2021 8:51 am
Forum: Personal Consumer Issues
Topic: Oral surgeon said we were legally required to give SS#, then they got hacked
Replies: 37
Views: 4224

Re: Oral surgeon said we were legally required to give SS#, then they got hacked

Having been in healthcare, unless things have changed more recently, the information requested is unlikely to be a legal requirement. The purpose of multiple identifiers is more to assure the ability to contact you if payment is not received. There are often conflicts between healthcare providers an...
by Nowizard
Tue Apr 13, 2021 8:40 am
Forum: Personal Investments
Topic: Alternative to Total Bond?
Replies: 38
Views: 3049

Re: Alternative to Total Bond?

As others have said, if your investment horizon is six years or more, basically the time equivalent to the average duration of bonds in the Total Bond Index, you will be fine as lower interest bonds are replaced with higher interest ones. Another factor that is sometimes overlooked is whether you re...
by Nowizard
Mon Apr 12, 2021 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Seeking advice - College selection - Premed
Replies: 51
Views: 2894

Re: Seeking advice - College selection - Premed

The ultimate keys will be: 1. Commitment to preparation regardless of where attended; 2. Avoiding comparison to others in her class and focusing on data describing necessary markers for admission to medical schools with various requirements spanning the range from comparatively easier to most diffic...
by Nowizard
Mon Apr 12, 2021 8:22 am
Forum: Personal Finance (Not Investing)
Topic: House Building vs. Buying in this Market?
Replies: 21
Views: 2037

Re: House Building vs. Buying in this Market?

Some also feel that purchasing an older, not necessarily extremely so, home and remodeling/adding to it works well and results in better materials. Frothy market that produces pause. We were in similar situation where prices were up due to market conditions. We decided to confront the psychological ...
by Nowizard
Sat Apr 10, 2021 10:47 am
Forum: Personal Consumer Issues
Topic: Smoker recommendations? Meat, not Marlboro.
Replies: 31
Views: 2686

Re: Smoker recommendations? Meat, not Marlboro.

Take a look at Basspro, electric grills. They are in the $300 range, have the features of a meat probe, app that allows you to change temp or monitor while out and about, to hold at a temp, add chips easily, etc. If just starting out, no need to spend a lot, though there are those who will suggest i...
by Nowizard
Fri Apr 09, 2021 7:50 am
Forum: Personal Consumer Issues
Topic: New or Used: car purchase
Replies: 17
Views: 1273

Re: New or Used: car purchase

Many think vanity is a primary reason for purchasing new, but for those who keep cars a long time, say ten years, they do get the benefit of up-to-date technology and enjoyment of a new one without as much depreciation. Otherwise, certainly makes sense to buy a used one that meets expectations. A 4-...
by Nowizard
Thu Apr 08, 2021 10:19 am
Forum: Investing - Theory, News & General
Topic: who here is tempted to pullback on stocks?
Replies: 238
Views: 46997

Re: who here is tempted to pullback on stocks?

Tempting, but more from the other side based on bond returns if allowing random thoughts. But........what would you do with the money, so no change with bonds. Same with stocks, though tempting there as well. It is not the thoughts, it is action that counts. For us, the key is that we are prone to l...
by Nowizard
Thu Apr 08, 2021 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12674

Re: Anyone else see drastic increase in Zillow value today?

There is a 25% difference between Zillow Guestimate and the one on Trulia for our house, Zillow higher. Oops, just looked. It is up again, 8K the past week.

Tim
by Nowizard
Thu Apr 08, 2021 10:07 am
Forum: Personal Consumer Issues
Topic: Shoe Choice for a Walker
Replies: 33
Views: 2677

Re: Shoe Choice for a Walker

Recently, buying wider shoes has helped, as we walk several miles daily. Sketchers with foam padding have done the trick recently, and I agree that frequent replacement is called for. It does allow a build-up of "yard working" shoes, too.

Tim
by Nowizard
Thu Apr 08, 2021 10:03 am
Forum: Personal Consumer Issues
Topic: Are architect estimates for construction costs usually pretty accurate?
Replies: 21
Views: 1459

Re: Are architect estimates for construction costs usually pretty accurate?

Our experience has been they are accurate at the time they make the estimate. Building supplies are like the stock market and can change rapidly. The longer time goes on before the project is built, and the longer the time for completion, the greater the price change. Of course you have the architec...
by Nowizard
Wed Apr 07, 2021 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Revocable Living Trust issue
Replies: 9
Views: 952

Re: Revocable Living Trust issue

I cannot imagine a case where the Successor Trustee cannot simply have funds, accounts and CD's liquidated with cash sent to the Trustee. That was not an issue in a case where I served as Successor Trustee. No on-line bank was involved.

Tim
by Nowizard
Wed Apr 07, 2021 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Job Satisfaction vs Maximizing Income
Replies: 87
Views: 5850

Re: Job Satisfaction vs Maximizing Income

To some degree it may depend on the difference in compensation between the satisfying job and the higher paying one. There is also a substantial difference between a job and a career. Those who retrospectively speak of their employment are much more likely to use the word "career" when tal...
by Nowizard
Mon Apr 05, 2021 1:07 pm
Forum: Personal Consumer Issues
Topic: how to determine the cost of medical procedure
Replies: 18
Views: 2084

Re: how to determine the cost of medical procedure

If you have any chronic issues such as HBP, high cholesterol, high glucose, etc., your doctor may want you to be screened every six months. Mine does for such things, and there are a variety of tests that would be included and billed as monitoring of issues rather than as a physical. There could be ...
by Nowizard
Mon Apr 05, 2021 12:58 pm
Forum: Personal Investments
Topic: How to shift to more conservative AA
Replies: 12
Views: 1166

Re: How to shift to more conservative AA

+1 previous poster.

Tim
by Nowizard
Mon Apr 05, 2021 7:22 am
Forum: Investing - Theory, News & General
Topic: shouldn't the feds position on interest rates suggest that we 'time' the bond market?
Replies: 48
Views: 4673

Re: shouldn't the feds position on interest rates suggest that we 'time' the bond market?

As always, personal circumstances are the key. Yes, fund prices will go down, partially because of market timing leading to redemption of fund shares by timers. For those who use bonds primarily for protection, they continue to serve their purpose, and for those who are not in a position to redeem b...
by Nowizard
Sun Apr 04, 2021 8:39 am
Forum: Personal Consumer Issues
Topic: Oil change interval for low-mileage vehicles
Replies: 172
Views: 22656

Re: Oil change interval for low-mileage vehicles

The manual should be followed during the warranty period to protect it. Otherwise, longer periods are acceptable according to most sources.

Tim
by Nowizard
Sat Apr 03, 2021 9:23 am
Forum: Personal Consumer Issues
Topic: Outdoor living space/patio recommendations?
Replies: 22
Views: 2806

Re: Outdoor living space/patio recommendations?

So many possible decisions. With a major project such as you seem to be suggesting, use of a design specialist in addition to a contractor would be appropriate. As for patio or Trex, our experience was that the patio developed cracks over a period of about five years. We installed a Trex deck over i...
by Nowizard
Sat Apr 03, 2021 9:12 am
Forum: Personal Consumer Issues
Topic: Would you give money to close friends to live in same neighborhood?
Replies: 45
Views: 2943

Re: Would you give money to close friends to live in same neighborhood?

Your comment about what would be expected from this site is accurate and to be expected since most decisions are based on rationality from the Boglehead standpoint rather than consumer psychology. However, an elevated approach does include the question of why do we attempt to maximize our financial ...
by Nowizard
Fri Apr 02, 2021 7:37 am
Forum: Personal Consumer Issues
Topic: Tankless Water Heater - Struggling to Justify
Replies: 71
Views: 5901

Re: Tankless Water Heater - Struggling to Justify

Environmentally, may make sense. As with many things, fear is a selling point. In this case the fear of flooding. How many know of this occurring? At an advanced age, I know of no instances other than as part of a much larger circumstance such as a fire. If having one, expect to want smaller heaters...
by Nowizard
Thu Apr 01, 2021 7:58 am
Forum: Personal Consumer Issues
Topic: Storage Unit Rent Increase
Replies: 32
Views: 2845

Re: Storage Unit Rent Increase

An experience of one, but storage units are excellent sources for convenience of many for short or longer periods of time. For example, when moving from one home to another, there are often numerous items that the homeowner does not want a mover to touch. Moving them to a climate controlled, 10 X 10...
by Nowizard
Mon Mar 29, 2021 7:51 am
Forum: Personal Investments
Topic: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?
Replies: 87
Views: 10249

Re: Anyone Else Investing in SPACs (Special Purpose Acquisition Companies)?

One consideration is that when Shaq has a SPAC, what does that reflect? Another is more factual, that being it is clear speculation if all you know is the sponsor. Ultimately, it may be that the company represented is key, though the concept is clearly speculative. We have our eye on one with a smal...
by Nowizard
Mon Mar 29, 2021 7:48 am
Forum: Non-US Investing
Topic: What is the best way to buy and store gold?
Replies: 8
Views: 1116

Re: What is the best way to buy and store gold?

Depending on price, that is about 20 pounds or less. A bank box will hold that amount.

Tim
by Nowizard
Mon Mar 29, 2021 7:42 am
Forum: Personal Consumer Issues
Topic: Why are Subarus so popular?
Replies: 114
Views: 6226

Re: Why are Subarus so popular?

I always thought until purchasing one that it was because they were effective in areas where there were harsh winters. I suspect much of it is marketing, and it was not my cup of tea, trading it in within six months approximately. One issue is that their acceleration, which is probably about average...
by Nowizard
Mon Mar 29, 2021 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Real estate: When (if ever) a potential buyer should use an escalation clause
Replies: 26
Views: 2307

Re: Real estate: When (if ever) a potential buyer should use an escalation clause

Don't make an offer higher than you are ready to pay, though the assumption that you start with either asking price or above complicates that. Evaluate the market and submit an offer. We found that writing a letter resulted in our obtaining approval. The sellers left paintings on the wall that would...
by Nowizard
Sun Mar 28, 2021 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Single Mom - Home purchase ?
Replies: 40
Views: 3276

Re: Single Mom - Home purchase ?

The part of your post catching my attention was that you are new to the area. There may be time restrictions on the offer from your employer to encourage home purchase, but it seems that to rent temporarily would give greater information regarding potential benefits/risks from doing so, inform prefe...
by Nowizard
Sun Mar 28, 2021 8:13 am
Forum: Personal Investments
Topic: Financial plan to make most money possible.
Replies: 32
Views: 2563

Re: Financial plan to make most money possible.

A focus on making the most money possible implies taking substantial risk that may be excessive. Another approach is to first define financial goals and then determine the degree of risk required to rationally seek meeting them. Numerous comments by posters give you a good start in considering how t...
by Nowizard
Fri Mar 26, 2021 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Income gone up, IRMAA should go up, do I tell Medicare?
Replies: 14
Views: 1582

Re: Income gone up, IRMAA should go up, do I tell Medicare?

Believe me, the IRS/government is efficient in assessing IRMAA/Medicare charges.

Tim
by Nowizard
Fri Mar 26, 2021 8:06 am
Forum: Personal Consumer Issues
Topic: Thoughts on selling a CD music collection....
Replies: 65
Views: 3687

Re: Thoughts on selling a CD music collection....

You would not need to have an appraisal. Just use something like "It's deductible" from TurboTax or obtain and apply the recommended amount of deduction from IRS. Once you have what are typically the three levels of deduction for CD's based on condition, you apply it, multiply it and are d...
by Nowizard
Thu Mar 25, 2021 8:31 am
Forum: Investing - Theory, News & General
Topic: On what are you most bullish?
Replies: 266
Views: 18222

Re: On what are you most bullish?

That the recent downturn in bonds and bond funds is at least partially based on more recent returns changing views of many. Rather than looking at bonds as portfolio protection, many have begun to look at them essentially as equites in terms of returns. The gnashing of teeth over current returns wil...
by Nowizard
Tue Mar 23, 2021 7:22 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions
Replies: 19
Views: 1931

Re: Roth Conversions

Individual circumstances are a key issue. Some, for example, consider ROTH-IRA conversions for reasons other than taxation of themselves based on joint consideration of individual issues and taxation expected by heirs. Another potential issue is the escalation of RMD amounts as we age. This can impa...
by Nowizard
Mon Mar 22, 2021 8:27 am
Forum: Personal Finance (Not Investing)
Topic: Should bank accounts be in a trust?
Replies: 27
Views: 2054

Re: Should bank accounts be in a trust?

We have them in a Revocable Trust, but the situation may vary. Our children are the Successor Trustees, and the banking account has more in it than the one you mentioned. Having immediate access allows them to use account assets for expenses. It also allows access to a safety deposit box with other ...
by Nowizard
Mon Mar 22, 2021 8:23 am
Forum: Personal Consumer Issues
Topic: Smoke Detector Help - 5 chirps
Replies: 28
Views: 2157

Re: Smoke Detector Help - 5 chirps

It is annoying! What I discovered is that you have to "bled" the one chirping by pushing the sound button before replacing the battery. I'm not sure whether that is before or after removing the old battery, so I do it both ways. That works for ours. It has also worked to stop the chirping ...
by Nowizard
Mon Mar 22, 2021 8:19 am
Forum: Personal Consumer Issues
Topic: Dealing with an extremely weird seller
Replies: 34
Views: 3864

Re: Dealing with an extremely weird seller

I suspect that there is an unusual assortment of folks selling relatively unique items to a relatively small group of prospects. Pricing varies greatly with such items. For example, items such as old furniture, artwork, etc. on PBS auction shows are valued at one level, may be "worth" it b...
by Nowizard
Sat Mar 20, 2021 6:16 pm
Forum: Personal Consumer Issues
Topic: Car negotiation (vs Truecar/Costco) for factory car orders?
Replies: 16
Views: 2391

Re: Car negotiation (vs Truecar/Costco) for factory car orders?

Different style: Rather than playing, figure your reasonable price and openly and honestly present it. It works. The key is getting a price you can accept. As with investing where someone will always "outdo" you, the same holds with car dealers. One of their approaches is to let everyone w...
by Nowizard
Sat Mar 20, 2021 6:08 pm
Forum: Personal Consumer Issues
Topic: People with Covid-19 vaccination record cards: where are you keeping them?
Replies: 163
Views: 13949

Re: People with Covid-19 vaccination record cards: where are you keeping them?

Somewhere in a drawer that could be located. Not planning to travel on airplanes yet, so we don't consider the cards as more than historical documents at the moment, though we could locate them if required.

Tim
by Nowizard
Sat Mar 20, 2021 6:06 pm
Forum: Investing - Theory, News & General
Topic: 99.6% of Vanguard Investors stayed the course!
Replies: 37
Views: 4669

Re: 99.6% of Vanguard Investors stayed the course!

Climebr2020:Agreed. Not even remotely likely. That would not reflect an investment approach so much as a cult in the sense that vanguard customers represent a wide variety of investors that include many who are not remotely Bogleheads.

Tim
by Nowizard
Fri Mar 19, 2021 7:58 am
Forum: Personal Investments
Topic: Age disparity, what account to spend down first in retirement?
Replies: 10
Views: 1278

Re: Age disparity, what account to spend down first in retirement?

If your wife's pension has a COLA, determine whether the guaranteed increase annually affects decisions.

Tim
by Nowizard
Fri Mar 19, 2021 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Pay cash for a house or not?
Replies: 20
Views: 2937

Re: Pay cash for a house or not?

MDDoc gave good suggestions. Be sure you include any taxes on invested "savings" from taking a mortgage from gains, evaluate whether the invested returns that are annually claimed on insurance (Dividends/interest/capital gains, etc.) impact IRMAA, and whether the mortgage interest is suffi...
by Nowizard
Thu Mar 18, 2021 11:01 am
Forum: Personal Consumer Issues
Topic: Should I redo my front yard and backyard landscaping?
Replies: 24
Views: 1665

Re: Should I redo my front yard and backyard landscaping?

Sounds like it is reasonably priced and adds to the enjoyment of the home by you (And neighbors). Our neighborhood has an active HOA that requires certain landscape levels. Your realtor may be generally correct, but landscape definitely is included in the appraisal of homes in our area, and it adds ...
by Nowizard
Thu Mar 18, 2021 10:58 am
Forum: Personal Consumer Issues
Topic: 50 gallon water heater questions
Replies: 70
Views: 4279

Re: 50 gallon water heater questions

You could have the tank placed in a very large, water-tight enclosure which are parts of code, though you would want a larger one, perhaps. Personal opinion, but I cannot imagine why anyone would convert to tankless unless ecologically concerned.

Tim
by Nowizard
Wed Mar 17, 2021 9:22 am
Forum: Personal Finance (Not Investing)
Topic: How do you tell if you should be making charitable contributions to reduce taxes?
Replies: 33
Views: 3328

Re: How do you tell if you should be making charitable contributions to reduce taxes?

A portion of "taxation" for those retired can be IRMAA charges for Medicare. To reduce those, contributions from RMD's do reduce AGI on which IRMAA is based.

Tim
by Nowizard
Wed Mar 17, 2021 9:05 am
Forum: Personal Investments
Topic: Ray Dalio, Bonds, and Gold
Replies: 29
Views: 1997

Re: Ray Dalio, Bonds, and Gold

One of our mottos is that "Sometimes, you make the most by losing the least." In other words if bonds go down, so may stocks. In that scenario, I'll put my choice on bonds declining less and providing protection for our overall portfolio. Minor tweaks may be in order, but major ones depend...
by Nowizard
Tue Mar 16, 2021 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Work from Home - Most Tax Friendly States (Not Cost of Living)
Replies: 76
Views: 5971

Re: Work from Home - Most Tax Friendly States (Not Cost of Living)

You mentioned Tennessee, and it would be a consideration for many. Inland, so no hurricanes, but a moderate climate. No estate tax or income tax (Tax on dividends/capital gains being phased out and was not significant anyway other than for those with heavy dividend/capital gains in taxable accounts....
by Nowizard
Sun Mar 14, 2021 9:35 am
Forum: Personal Investments
Topic: Why Bonds
Replies: 44
Views: 3204

Re: Why Bonds

There are those who have far more analytical knowledge regarding finances than mine, but it is important to also consider individual circumstances. Bonds have had outsized returns for the more recent past, something that gradually changes expectations for continuing returns for at least some. Add to...
by Nowizard
Fri Mar 12, 2021 10:15 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel earthquake insurance?
Replies: 37
Views: 3138

Re: Should I cancel earthquake insurance?

I live in the same area and did carry earthquake insurance at one time before eliminating it. If you have lived here long, you know there has been absolutely nothing related to earthquakes in the area other than those tremblers when fracking was so rampant. Our insurance cost is about the same as yo...
by Nowizard
Fri Mar 12, 2021 10:02 am
Forum: Personal Investments
Topic: How to Invest $250,000
Replies: 5
Views: 607

Re: How to Invest $250,000

It would be a good idea for him to read the Wiki and post himself, too. Definitely, he should read the thread.

Tim
by Nowizard
Thu Mar 11, 2021 9:13 am
Forum: Personal Finance (Not Investing)
Topic: What's It Really Like to Work With Vanguard's Personal Advisory Service?
Replies: 112
Views: 8945

Re: What's It Really Like to Work With Vanguard's Personal Advisory Service?

Presumably, use of a PAS advisor would be based on expenses and convenience if invested primarily with Vanguard. One issue is choice of the advisor which appears to be limited. As with all complicated decisions where there are choices, investigate a variety of possibilities, as you are doing here. T...
by Nowizard
Thu Mar 11, 2021 9:04 am
Forum: Personal Investments
Topic: Have money but cannot access it - what are options?
Replies: 36
Views: 3918

Re: Have money but cannot access it - what are options?

This is a time for re-evaluation of priorities by your friend. He has access to money, but he may need a friend more.

Tim
by Nowizard
Thu Mar 11, 2021 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth building your dream house?
Replies: 109
Views: 7044

Re: Is it worth building your dream house?

As we age, accumulating additional assets is a worry or concern for some but not all. What is the money for? Many narratives change as we change. An earlier focus on accumulation gives way to enjoyment of our latter years whether it involves financial expenditures, more time with family and friends,...