Search found 13939 matches

by tibbitts
Thu Jun 24, 2021 6:29 pm
Forum: Personal Consumer Issues
Topic: Heat Pump Purchase
Replies: 22
Views: 1382

Re: Heat Pump Purchase

It seems like a big jump in price (I am not US based). SEER rating though may be quite different? New Jersey has relatively high electricity prices by US standards, so there will be a payback (I assume it's a very long payback, but there will be one ie the net cost of this is less than $4000). It's...
by tibbitts
Thu Jun 24, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: car got rear ended , claims adjuster will not co-operate
Replies: 43
Views: 2972

Re: car got rear ended , claims adjuster will not co-operate

I have only had one instance of an accident and I dealt directly with the other driver's insurance - the other driver was at fault. I had no idea my own insurance would pay for repairs (and then presumably be reimbursed by the other party) to my car when I had no coverage on my car other than liabi...
by tibbitts
Thu Jun 24, 2021 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: car got rear ended , claims adjuster will not co-operate
Replies: 43
Views: 2972

Re: car got rear ended , claims adjuster will not co-operate

I have only had one instance of an accident and I dealt directly with the other driver's insurance - the other driver was at fault. I had no idea my own insurance would pay for repairs (and then presumably be reimbursed by the other party) to my car when I had no coverage on my car other than liabil...
by tibbitts
Thu Jun 24, 2021 2:51 pm
Forum: Personal Investments
Topic: Low Cost Firms
Replies: 9
Views: 510

Re: Low Cost Firms

Everybody seems to be missing the point that the OP is specifically looking for "stock buying, selling or recommendation services on an individual basis" and that's definitely not anything you can get at Vanguard. Or here at Bogleheads for that matter.
by tibbitts
Thu Jun 24, 2021 12:22 pm
Forum: Personal Investments
Topic: should I keep a Vanguard personal advisor?
Replies: 41
Views: 2919

Re: should I keep a Vanguard personal advisor?

I don't agree that the comments from PAS regarding what the OP would have to learn to manage investments is an inappropriate sales pitch. It's a reasonable answer to the OP asking about what would be involved, although admittedly we don't know the tone it was said with, and that might matter a lot i...
by tibbitts
Thu Jun 24, 2021 9:41 am
Forum: Investing - Theory, News & General
Topic: Do I need bonds and so much international stock? (Target Retirement Fund)
Replies: 26
Views: 2585

Re: Do I need bonds and so much international stock? (Target Retirement Fund)

The issue I see is failure to stick to a plan. If exUS starts out performing will you dump your current allocation and just go back to something more in line with a target date fund? If US continues to outperform will you dump the 15-20% exUS and go all in on US? That’s why target date funds are a ...
by tibbitts
Thu Jun 24, 2021 12:56 am
Forum: Investing - Theory, News & General
Topic: Do I need bonds and so much international stock? (Target Retirement Fund)
Replies: 26
Views: 2585

Re: Do I need bonds and so much international stock? (Target Retirement Fund)

The issue I see is failure to stick to a plan. If exUS starts out performing will you dump your current allocation and just go back to something more in line with a target date fund? If US continues to outperform will you dump the 15-20% exUS and go all in on US? That’s why target date funds are a ...
by tibbitts
Thu Jun 24, 2021 12:34 am
Forum: Personal Consumer Issues
Topic: Car GPS Screen size
Replies: 24
Views: 1488

Re: Car GPS Screen size

Sygic is a GPS app which allows you to download entire states (or countries!) over Wifi for offline use. Sounds like it might work for your purposes. I was about to say that it would be nice if Garmin just made an app that would simply turn your into an old-fashioned GPS (not sure how it would rece...
by tibbitts
Thu Jun 24, 2021 12:28 am
Forum: Personal Investments
Topic: Buy I bonds in in-laws' names?
Replies: 18
Views: 1392

Re: Buy I bonds in in-laws' names?

It's amazing how many tactics people are coming up with and hoops they're willing to jump through to buy a modest quantity of an investment essentially guaranteed to lose money after inflation and taxes.
by tibbitts
Wed Jun 23, 2021 9:03 pm
Forum: Personal Investments
Topic: should I keep a Vanguard personal advisor?
Replies: 41
Views: 2919

Re: the "how to rebalance" steps on the Vanguard site

There is a tool on the Vanguard site designed to help investors evaluate their current portfolios, and rebalance (change the asset allocation) if they think it's prudent. I can't think of exactly what it's called at the moment, but you can get to it by making just a few clicks starting on the homep...
by tibbitts
Wed Jun 23, 2021 8:59 pm
Forum: Personal Investments
Topic: should I keep a Vanguard personal advisor?
Replies: 41
Views: 2919

Re: should I keep a Vanguard personal advisor?

I do believe that many Bogleheads greatly underestimate the huge amount of time they've spent educating themselves to whatever point they're at with investing. And yet even after thousands of hours I made a pretty basic mistake over a period of several years that cost me money. More than PAS would h...
by tibbitts
Wed Jun 23, 2021 3:06 pm
Forum: Personal Investments
Topic: TIAA Real Estate
Replies: 7
Views: 694

Re: TIAA Real Estate

my IPS says 1/2 of non-stocks in TIAA RE, currently 17.5%. I think if you have many TIAA accounts (we have like 9-10) one can avoid the 150k limit. My experience is that if you're just one person, TIAA will indeed limit you to $150k, unless you resort to tactics like periodic transfers. I don't hav...
by tibbitts
Wed Jun 23, 2021 3:03 pm
Forum: Personal Investments
Topic: TIAA Real Estate
Replies: 7
Views: 694

Re: TIAA Real Estate

I am debating how much of my over-all portfolio I can reasonably hold in TIAA Real Estate. What do you think is the maximum that one should hold in TIAA Real Estate fund - and why? My only other real estate asset is my home, but I do not consider that to be part of my investment portfolio since I n...
by tibbitts
Wed Jun 23, 2021 12:53 pm
Forum: Personal Investments
Topic: 1099 income into retirement account questions
Replies: 20
Views: 1039

Re: 1099 income into retirement account questions

The 401k is somewhat more complicated than the SEP but the only way to defer a higher than roughly 20% of income, if that's an overriding objective. There might be an advantage to a Simple I'm not aware of, but back when I was looking at plans, I didn't find it particularly... simple.
by tibbitts
Wed Jun 23, 2021 9:50 am
Forum: Personal Consumer Issues
Topic: Car repair vs buy dilemma
Replies: 22
Views: 1420

Re: Car repair vs buy dilemma

What I've never understood about cars...if a timing chain lasts forever and a timing belt needs to be changed every X miles or else catastrophic failure...why wouldn't all manufacturers use timing chains? Timing belts are cheaper, quieter, easier to keep in tension, don't have to be sealed from the...
by tibbitts
Wed Jun 23, 2021 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Best rule of thumb for car purchase: 5% of net worth or 10% of yearly income (whichever is greater)
Replies: 118
Views: 4631

Re: Best rule of thumb for car purchase: 5% of net worth or 10% of yearly income (whichever is greater)

Neither is an appropriate metric for choosing a car. There's no rule of thumb I can think of that would work.
by tibbitts
Wed Jun 23, 2021 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Guidance on Max Car Price
Replies: 137
Views: 8095

Re: Guidance on Max Car Price

So, if even Dave Ramsey says 50% is okay, well, I can't argue for anything stricter with a straight face. Except his advice is usually for low-income (or at least low-savings) people struggling with debt. If you're making $40k household, maybe two $10k cars is the right way. Cheap enough not to be ...
by tibbitts
Wed Jun 23, 2021 8:49 am
Forum: Personal Consumer Issues
Topic: Heat Pump Purchase
Replies: 22
Views: 1382

Re: Heat Pump Purchase

Replacing an older heat pump and air handler (full electric). Have a quote for Lennox ML14XP1 single stage (Merit series economy line) vs Carrier 25HCE4 two stage (Performance series mid line). Carrier option is approximately $4,000 higher. Anyone have any input whether the two stage is worth the a...
by tibbitts
Wed Jun 23, 2021 8:42 am
Forum: Personal Investments
Topic: TIAA Real Estate
Replies: 7
Views: 694

Re: TIAA Real Estate

I am debating how much of my over-all portfolio I can reasonably hold in TIAA Real Estate. What do you think is the maximum that one should hold in TIAA Real Estate fund - and why? My only other real estate asset is my home, but I do not consider that to be part of my investment portfolio since I n...
by tibbitts
Wed Jun 23, 2021 12:16 am
Forum: Personal Consumer Issues
Topic: Car repair vs buy dilemma
Replies: 22
Views: 1420

Re: Car repair vs buy dilemma

I wouldn't buy a newer used car to avoid the timing belt repair. You can do a little research to find out if you can get the work done cheaper, although having just had a repair done cheaper... well sometimes you get what you pay for with repair work, but other times not. In retrospect I should have...
by tibbitts
Tue Jun 22, 2021 7:43 pm
Forum: Personal Finance (Not Investing)
Topic: New York Last Will in Nevada
Replies: 9
Views: 1083

Re: New York Last Will in Nevada

1. A few states have restrictions on who may be an executor or personal representative. For example, Florida requires that a personal representative be either a relative or a Florida resident. If the person you want isn't a relative or a Florida resident, and you have a strong preference for that p...
by tibbitts
Tue Jun 22, 2021 7:13 pm
Forum: Personal Consumer Issues
Topic: Bermuda cruise in June 2022
Replies: 13
Views: 820

Re: Bermuda cruise in June 2022

Considering cruise to Bermuda June 2022 Any advice regarding the plans . I'm not sure what anyone can tell you; you might want to ask more specific questions. You will get the usual comments from the crowd that was anti-cruise even before the pandemic, and then people who think that somewhere else ...
by tibbitts
Tue Jun 22, 2021 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: New York Last Will in Nevada
Replies: 9
Views: 1083

Re: New York Last Will in Nevada

1. A few states have restrictions on who may be an executor or personal representative. For example, Florida requires that a personal representative be either a relative or a Florida resident. If the person you want isn't a relative or a Florida resident, and you have a strong preference for that p...
by tibbitts
Tue Jun 22, 2021 3:49 pm
Forum: Personal Consumer Issues
Topic: External hard drive to back up photos
Replies: 33
Views: 2141

Re: External hard drive to back up photos

Given enough bandwidth I would use cloud storage more than I do. You have to be careful for example if you change your image naming scheme, the cloud service may well not understand that, and actually replace all the images instead of merely renaming them. Also many internet providers have a quota t...
by tibbitts
Tue Jun 22, 2021 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: roth ira for a minor who does cash work?
Replies: 19
Views: 1335

Re: roth ira for a minor who does cash work?

So a friend of mine and I were talking - I plan on setting up a Roth IRA for my daughter when she is old enough to start working summer jobs, and I would just contribute to the Roth the amount she makes (up to the max). A friend of mine also has a child who does cash work (babysitting, lawn mowing,...
by tibbitts
Tue Jun 22, 2021 2:19 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

I disagree with most all of this, but its puzzling you want to make a case against almost everything that most people here are advocating. Actively managed funds, stock picking, and paying fees to financial planners are devastating to returns for an investor. That is somewhat the point of Boglehead...
by tibbitts
Mon Jun 21, 2021 9:56 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

I appreciate your thoughtfulness, but my dad has a fairly thick skin. Actually I already told him that he suffered a massive opportunity cost by not watching his previous FA more closely. In his case, the cost was not a 2% fee but instead a large cash position. He didn't seem to care because he has...
by tibbitts
Mon Jun 21, 2021 5:49 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

The OP seems to be open the sales pitch, that's why I was advocating for him to "show his work" and be transparent. Not so he can win a debate with the guy. You really seem to be an apologist for a Financial Advisor that's openly saying he he's an amazing stock picker in the small cap spa...
by tibbitts
Mon Jun 21, 2021 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: SSA Request for Reconsideration of Monthly Benefits
Replies: 9
Views: 909

Re: SSA Request for Reconsideration of Monthly Benefits

Meeshigan wrote: Mon Jun 21, 2021 11:54 am I had planned to do that, but on second thought figured that if that is the same software used by the SSA examiner it should of course generate the same number...
That would be pretty amusing if SSA employees used ssa.tools.
by tibbitts
Mon Jun 21, 2021 12:31 pm
Forum: Personal Consumer Issues
Topic: External hard drive to back up photos
Replies: 33
Views: 2141

Re: External hard drive to back up photos

Someone will correct me if I'm wrong but the last I looked, at greater than 2tB, you have to go to 4tB (I have an older 3tB hdd but those were always the exception), so roughly $100 for an external 4tB hdd vs. $600 for ssd? And you do need at least two. Hdds seem to do pretty well after being unuse...
by tibbitts
Mon Jun 21, 2021 12:02 pm
Forum: Personal Consumer Issues
Topic: External hard drive to back up photos
Replies: 33
Views: 2141

Re: External hard drive to back up photos

Someone will correct me if I'm wrong but the last I looked, at greater than 2tB, you have to go to 4tB (I have an older 3tB hdd but those were always the exception), so roughly $100 for an external 4tB hdd vs. $600 for ssd? And you do need at least two. Hdds seem to do pretty well after being unused...
by tibbitts
Mon Jun 21, 2021 2:21 am
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

I'm not really interested in winning an argument with a salesman, you're just wasting everyone's time. But some clients really do believe these people "outperform" and that's why they pay them to manage their money. So let them show that outperformance. In the OP's situation, the guy is t...
by tibbitts
Mon Jun 21, 2021 1:28 am
Forum: Personal Investments
Topic: Texas TRS and early retirement
Replies: 4
Views: 745

Re: Texas TRS and early retirement

I'm not with TRS in TX, but my other-state TRS pension experience is that you should verify every answer multiple times by email, and request whatever written reports or confirmations you can. I did end up with incorrect/incomplete information about two aspects of my particular pension account, cost...
by tibbitts
Sun Jun 20, 2021 11:10 pm
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 153
Views: 7530

Re: Tire flat fixing for beginners

On the subject of FixAFlat ruining the inside of the tire, when was the last time anyone had a tire repaired instead of replaced anyway? Do any major service chains even offer that anymore? It doesn't seem like it to me. Tires are still repaired all the time due to punctures. Punctures are extremel...
by tibbitts
Sun Jun 20, 2021 9:54 pm
Forum: Investing - Theory, News & General
Topic: Pension complexity/obscurity of investments
Replies: 10
Views: 1078

Re: Pension complexity/obscurity of investments

I am trying to understand something contradictory. Index investing for the average investor is the best route for return on investment to date. I currently contribute to 2 state defined contribution plans, the 457b and 401k, but also to a pension (defined benefit plan) with CALPERS. I do not unders...
by tibbitts
Sun Jun 20, 2021 9:06 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

Stockpicking in small caps is appropriate for an 80-year-old who probably doesn’t understand the risks and fees? Is your dad entirely in individual stocks? Of course stockpicking is totally inappropriate for an 80-year old who isn't even interested in learning about securities. The question is whet...
by tibbitts
Sun Jun 20, 2021 7:01 pm
Forum: Personal Consumer Issues
Topic: External hard drive to back up photos
Replies: 33
Views: 2141

Re: External hard drive to back up photos

Raybo wrote: Sun Jun 20, 2021 6:22 pm Use a flash drive. Easier, much more mobile, and no need for wires.
A greater-than-2tB model is still pricey vs. a spinning disk.

I'm needing to upgrade beyond my 2tB externals and am hoping not to run out of space before prices on 4tB solid state devices come down.
by tibbitts
Sun Jun 20, 2021 6:59 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

Ask the FA to show his performance (net of fees) and then compare to a benchmark like the S&P500 in the same years. You won't hear anything back, but it's fun to watch them squirm. Honestly, it really is just a waste of time, and even if he could show a slight outperformance (he won't) that bea...
by tibbitts
Sun Jun 20, 2021 6:48 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

Yes and no. He did a POA but not the durable variety that would give me full control. I'm not an attorney but I don't believe being durable has any effect on the degree of control you have today, since you haven't indicated there is an issue of incapacity here, or that there is likely to be in the ...
by tibbitts
Sun Jun 20, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: IRS online account sign up issues
Replies: 5
Views: 450

Re: IRS online account sign up issues

I had the same issue. It turns out my cell phone is on our account that is in my wife’s name. Since the primary name on the return (me) didn’t match the name on the phone account it was unverifiable. In my case all three are in my name. Now, why I have three with three carriers is another story. Oh...
by tibbitts
Sun Jun 20, 2021 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: IRS online account sign up issues
Replies: 5
Views: 450

Re: IRS online account sign up issues

We did our taxes back in February. No refund yet. About a month ago the IRS asked for more information. Our CPA said it was part of a identity theft audit. I've tried to create an account with the IRS online, a bit tough to do. They want a cell phone, the system did not accept our cell phone. Might...
by tibbitts
Sun Jun 20, 2021 2:36 pm
Forum: Personal Consumer Issues
Topic: Tire Selection Advice Requested
Replies: 33
Views: 1821

Re: Tire Selection Advice Requested

My Yokohamas are the best tires that I've ever had. Looks like I should consider Yokohamas. You shouldn't think so much in terms of manufacturer; you need to think in terms of specific tire models. Most brands have some winners and losers among their models, and not all models work equally well on ...
by tibbitts
Sun Jun 20, 2021 1:05 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

Ask the FA to show his performance (net of fees) and then compare to a benchmark like the S&P500 in the same years. You won't hear anything back, but it's fun to watch them squirm. Honestly, it really is just a waste of time, and even if he could show a slight outperformance (he won't) that bea...
by tibbitts
Sun Jun 20, 2021 12:14 pm
Forum: Personal Consumer Issues
Topic: Tire Selection Advice Requested
Replies: 33
Views: 1821

Re: Tire Selection Advice Requested

One fairly new category to look at is "all weather" tires. They have the wear characteristics of all-season but some (not all) of the performance of a true winter tire. The Goodyear Assurance Weatherready, for example, is severe snow certified but lasts 60k miles (YMMV). We have them on b...
by tibbitts
Sun Jun 20, 2021 9:06 am
Forum: Personal Finance (Not Investing)
Topic: New Construction Custom Home: What Constitutes Under-Developing a Lot?
Replies: 11
Views: 1257

Re: New Construction Custom Home: What Constitutes Under-Developing a Lot?

Just my opinion but I wouldn't build a new 1010 sq. ft. home. My condo now is 910; my primary home is between 1500 and 1600 sq ft. While I personally don't need quite that 1500+, I don't like that everything in the smaller place is... smaller. Notably, the kitchen, pantry, and bathroom, and non-exis...
by tibbitts
Sun Jun 20, 2021 8:44 am
Forum: Personal Finance (Not Investing)
Topic: New York Last Will in Nevada
Replies: 9
Views: 1083

Re: New York Last Will in Nevada

The general point is that most people who move from state to state every few years, or even more often, don't update their documents. It's not automatic like getting a new driver's license (which these days might not be practical either, thanks to the convergence of Covid and RealID combined with po...
by tibbitts
Sun Jun 20, 2021 8:31 am
Forum: Personal Consumer Issues
Topic: Do I really need a new A/C unit??
Replies: 32
Views: 2213

Re: Do I really need a new A/C unit??

The last few companies I've used, the techs seem to fumble around and look confused, but they sure know how to quote a new system quickly, oh it's at the arbitrary 12 years old end of life, it needs to be replaced, you should probably do the furnace as well because it's cheaper to install both at o...
by tibbitts
Sun Jun 20, 2021 12:23 am
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

Ideally, if you get good financial planning mixed in, you get help with making decisions regarding retirement that are difficult, if not impossible to reverse once made. I didn't appreciate the value of this until I made what were in retrospect very obvious mistakes with my own investments. A secon...
by tibbitts
Sat Jun 19, 2021 11:09 pm
Forum: Personal Investments
Topic: Utility of Financial Advisor
Replies: 76
Views: 5328

Re: Utility of Financial Advisor

No, but I had already told him that when he prepares a short list of funds that he be ready to show how it compares against a comparable index. If I don't like his index, then I'll take the ticker names home and see how they stack against indexes that I find. If we're looking at small caps, I'll in...
by tibbitts
Sat Jun 19, 2021 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: So now you're dead -- how does your executor find all your accounts & bills?
Replies: 110
Views: 14632

Re: So now you're dead -- how does your executor find all your accounts & bills?

You've apparently not had to deal with this situation in real life... Admittedly, no, but as I think through my own situation, I still don't get it. My wife and I have a joint bank and taxable brokerage account with our own separate login credentials for those institutions. Would those not still be...