Search found 13633 matches

by Jack FFR1846
Thu Jun 24, 2021 6:39 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Fees
Replies: 3
Views: 228

Re: Bank Fees

I have a credit union, so hearing about fees is quite foreign. Sort of like asking a German college student if they are concerned with student loan debt.

I'll guess you're with Bank of America who has a fee if you breathe.
by Jack FFR1846
Thu Jun 24, 2021 7:30 am
Forum: Personal Consumer Issues
Topic: Wheel alignment upsell
Replies: 33
Views: 2110

Re: Wheel alignment upsell

I've had alignments done at a shop maybe 5 times in my life. One was after shocks were installed at a dealer, once when I had to replace a front control arm. I've owned 3 dozen cars over that time. I will note that I have done my own string alignments myself for racecars. I do own a camber/caster ga...
by Jack FFR1846
Wed Jun 23, 2021 3:10 pm
Forum: Personal Consumer Issues
Topic: Deposit Prepaid Debit cards to checking account
Replies: 9
Views: 738

Re: Deposit Prepaid Debit cards to checking account

I believe you can buy money orders at Walmart by using a prepaid card -- and the fee is a dollar. The card has to be PIN-based, though. Same deal with the post office. $1000 limit on one money order. As a manufactured spending guy, I gotta say that this is about 6 months old and it no longer works ...
by Jack FFR1846
Wed Jun 23, 2021 1:59 pm
Forum: Personal Investments
Topic: I’m about to inherit a stake in a large family business. Does a traditional asset allocation still make sense for me?
Replies: 53
Views: 3418

Re: I’m about to inherit a stake in a large family business. Does a traditional asset allocation still make sense for me

I have a much smaller income from some passive work, so to speak. I give it zero importance with respect to investing. I consider that it could go to zero, starting today. I see no reason why you can't do exactly that. Take the checks, whenever they're coming to you. Save some of them to pay for ext...
by Jack FFR1846
Wed Jun 23, 2021 1:48 pm
Forum: Personal Investments
Topic: should I keep a Vanguard personal advisor?
Replies: 41
Views: 2934

Re: should I keep a Vanguard personal advisor?

Also, how old are you. Learning about how to handle things when you're 72, if you're currently 70 does make sense. If you're 40, there's no reason to get into it as it's 32 years away and there's about a zero percent chance that things planned now will make sense with future changes that we can't pr...
by Jack FFR1846
Wed Jun 23, 2021 9:23 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: 4632

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

5% of my net worth means I can get a car for $211,700. With Ford GT prices, I'm still shy. Can I trade in a few of my current cars to up that. Oh, wait. Those are figured into my net worth. Dang. I guess I'll have to continue to slum it.
by Jack FFR1846
Wed Jun 23, 2021 7:16 am
Forum: Personal Consumer Issues
Topic: Car repair vs buy dilemma
Replies: 22
Views: 1420

Re: Car repair vs buy dilemma

You're at a key point in the car's life. The timing belt needs to be changed. Either by you or by the next owner. The good news is that the car really is worth nothing with those miles and without documentation of a recent belt/pump change. You can ignore it but the Avalon is an interference engine....
by Jack FFR1846
Tue Jun 22, 2021 9:19 pm
Forum: Personal Consumer Issues
Topic: Bike Cameras
Replies: 45
Views: 2221

Re: Bike Cameras

I sold my road bike a few years ago and only ride trails. Before that, I was always on the road, even racing back when the USCF was the ABLA. Raced as a junior through college. With cell phones, I look back and realize that the trucker crossing the lane oncoming to try to run me off the road and the...
by Jack FFR1846
Tue Jun 22, 2021 9:09 pm
Forum: Personal Consumer Issues
Topic: Car GPS Screen size
Replies: 24
Views: 1489

Re: Car GPS Screen size

The GPS on a phone uses almost nothing. Mine is on GPS mode in the car all the time using apple car play. I use something like kilobytes a month. I do understand the loss of cell phone service. I offroad in the Northeast and even though you'd think that cell phone service is everywhere, it isn't. I ...
by Jack FFR1846
Tue Jun 22, 2021 4:13 pm
Forum: Personal Consumer Issues
Topic: Bogleheads, tell me about your 40's?
Replies: 251
Views: 54025

Re: Bogleheads, tell me about your 40's?

In my 40's, I started getting serious about motorsports. During that decade, more or less, I got good enough to capture lots of autocross titles and became and instructor. Ran a couple different cars for both autocross and then the track, eventually giving up autocross to do more track driving. Coup...
by Jack FFR1846
Tue Jun 22, 2021 10:11 am
Forum: Investing - Theory, News & General
Topic: Requesting a Different Vanguard PAS At $5M+
Replies: 17
Views: 2838

Re: Requesting a Different Vanguard PAS At $5M+

At fifteen grand plus a year, I would expect a comprehensive tax plan, linked donation plan, linked trust planning all with future strategy for where to place contributions during accumulation with a linked plan for withdraws during retirement. Depending on your own wishes, gifting (especially to ch...
by Jack FFR1846
Mon Jun 21, 2021 2:51 pm
Forum: Personal Consumer Issues
Topic: outdoor hot tub in PA--buying advice
Replies: 13
Views: 1178

Re: outdoor hot tub in PA--buying advice

See if you can find one used, cheap. We had a Jacuzzi in our house when we bought it. Used it maybe 10 times. The room it was in had carpenter ant damage in a wall and we told the contractors to sawzall the thing up. They called me over one day and the way the house was built, it had a beam that sup...
by Jack FFR1846
Mon Jun 21, 2021 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or sell
Replies: 24
Views: 1822

Re: Rent or sell

You're losing money on this place every day and don't even know it. You could do the math. Money coming in...expenses...tax benefits. Then complete the math...taxes on gain at sale...depreciation recapture. If you do the math correctly, you're going to kick yourself for paying out money for the fun ...
by Jack FFR1846
Mon Jun 21, 2021 10:34 am
Forum: Personal Consumer Issues
Topic: How should I handle how my customer / store issue?
Replies: 47
Views: 4121

Re: How should I handle how my customer / store issue?

You call the credit card company and dispute the charge. They will ask you questions and you will have the ability to describe exactly what happened. You will get your money back and if the store wants its used stuff back, they will have to send you prepaid shipping. I very recently bought a chainsa...
by Jack FFR1846
Sat Jun 19, 2021 7:02 pm
Forum: Personal Consumer Issues
Topic: Favorite Movies - Name Five
Replies: 190
Views: 8528

Re: Favorite Movies - Name Five

The Gumball Rally
The Jerk
Smokey and the Bandit or Caddyshack (I can't decide)
Back to the Future
The Final Countdown (splash the zeros....my favorite part)
by Jack FFR1846
Fri Jun 18, 2021 6:23 am
Forum: Personal Consumer Issues
Topic: Guidance for Mid-Price Electric Guitar
Replies: 42
Views: 2062

Re: Guidance for Mid-Price Electric Guitar

I used to build electric guitars, and know that a level fretboard and good setup are crucial to a good playing guitar. There are only a few brands who I trust to deliver a well set up new guitar and they're not the big guys. At two grand, you can get a really good guitar. You can find guitar weights...
by Jack FFR1846
Fri Jun 18, 2021 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Selling my condo unit “as is”
Replies: 17
Views: 1776

Re: Selling my condo unit “as is”

Your answer to the delay: "No".

When the date passes, you keep any earnest money and then put the unit back on the market.
by Jack FFR1846
Thu Jun 17, 2021 7:04 am
Forum: Personal Investments
Topic: Do you have a "survival" retirement number?
Replies: 77
Views: 7769

Re: Do you have a "survival" retirement number?

RickBoglehead wrote: Thu Jun 17, 2021 5:47 am Do you have a "survival" retirement number?

No. Pointless.
Same here.

Something goes wrong and you're in serious trouble.
by Jack FFR1846
Thu Jun 17, 2021 6:59 am
Forum: Personal Consumer Issues
Topic: Trade in truck for a van???
Replies: 22
Views: 1649

Re: Trade in truck for a van???

I have a friend who was a business manager at a Hyundai dealer (same as Kia). He tells me that they fight every single warranty claim tooth and nail. If anything serious happens, expect to have to hire a lawyer to get the repair paid by Kia. Why not consider something like a Ford Fusion? Smaller and...
by Jack FFR1846
Wed Jun 16, 2021 3:25 pm
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 178
Views: 18784

Re: Dad wants Wife to live in house left to me and sister after he passes

So don't sign more than one copy of the Will. Also, let the law firm retain custody of the signed original. If the law firm loses it, someone in the firm can sign an affidavit saying they had custody of it and lost it. I had such a case where the drafting lawyer signed an affidavit saying he had cu...
by Jack FFR1846
Wed Jun 16, 2021 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deduction for HOA Special Assessment ?
Replies: 19
Views: 1262

Re: Tax deduction for HOA Special Assessment ?

The special assessment may be eligible to add in to your cost basis on the property which could come into play if you exceed the capital gains exclusion amount for your primary residence. This is the question I have. I can add the special assessment to the cost basis ??? I wouldn't think so if it's...
by Jack FFR1846
Wed Jun 16, 2021 6:10 am
Forum: Personal Finance (Not Investing)
Topic: Dad wants Wife to live in house left to me and sister after he passes
Replies: 178
Views: 18784

Re: Dad wants Wife to live in house left to me and sister after he passes

I would expect that the attorney isn't going to let the "brother and sister pay for house expenses" portion. That isn't leaving assets to you, it's leaving you debts. It also won't fly to pay these expenses out of the estate. If the wife lives for 30 years, what happens with the estate? St...
by Jack FFR1846
Tue Jun 15, 2021 6:37 pm
Forum: Personal Consumer Issues
Topic: The Future of Cars in Suburbia?
Replies: 73
Views: 5232

Re: The Future of Cars in Suburbia?

I guess I'm behind the times. All that's in my garage is 4 cars, a lift, all my tools, compressor and my generator. Even at that, 2 cars and my tractor live outside. My son priced an Uber to go to a friend's. $35 each way. I don't think we're going to be using them anytime soon.
by Jack FFR1846
Tue Jun 15, 2021 6:12 pm
Forum: Personal Consumer Issues
Topic: Trying to Prevent Car Total by Insurance Company
Replies: 17
Views: 1515

Re: Trying to Prevent Car Total by Insurance Company

We had an 09 Fusion a couple years ago in a similar kind of accident. Pass side fender, front and rear door and a little behind the rear door dented in. Because of the cost to fix and value of the car, they totaled it. I did a buy back. Because it's 10 or more years old, the state does not require i...
by Jack FFR1846
Tue Jun 15, 2021 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Death tax question
Replies: 4
Views: 469

Re: Death tax question

Are you sure its an insurance payout and not an annuity from an insurance company? DW recently inherited a number of accounts from an aunt. An annuity had a check payout as an option (which she took) and it did have options for tax withholding. She also was the beneficiary of a life insurance policy...
by Jack FFR1846
Tue Jun 15, 2021 10:13 am
Forum: Personal Consumer Issues
Topic: How long should a car last?
Replies: 91
Views: 6409

Re: How long should a car last?

It depends on what you're willing to put up with and how difficult repairs are. If you have a great mechanic with loaner cars very near to you, you could go 500k miles. But along the way, you need to bring that Odyssey in for a timing belt every 60k miles. I tend to do a major go-through at 100k mil...
by Jack FFR1846
Tue Jun 15, 2021 10:02 am
Forum: Personal Consumer Issues
Topic: Selling Mom's Jewelry
Replies: 23
Views: 2443

Re: Selling Mom's Jewelry

The fact that it's a large volume, I would be concerned about theft. Perhaps take the stuff that is of no interest, stuff it in a box and send it off to midwest. You end up with cash, less risk and an easier volume to deal with. You certainly can do this multiple times.
by Jack FFR1846
Tue Jun 15, 2021 6:33 am
Forum: Personal Investments
Topic: Sold One Third 4/9/2020 in Virus Panic
Replies: 21
Views: 3128

Re: Sold One Third 4/9/2020 in Virus Panic

Sell all the real estate.

Hire a financial advisor. Even a high cost one is going to do better than you will.
by Jack FFR1846
Tue Jun 15, 2021 6:29 am
Forum: Personal Consumer Issues
Topic: Rx home delivery?
Replies: 75
Views: 3451

Re: Rx home delivery?

A few thoughts: Your insurance might specify only one mail order service and won't pay for others. If your choice is Express Scripts, pass and stand in line for an hour. They'll get it wrong for every single delivery and you'll spend an hour and a half on the phone trying to fix it. (we were forced ...
by Jack FFR1846
Mon Jun 14, 2021 7:04 pm
Forum: Personal Consumer Issues
Topic: Value on a flooring remodel
Replies: 11
Views: 1003

Re: Value on a flooring remodel

Part of the value difference calculation comes from what's in the house now. For example, if you're replacing laminate tile with marble, there's a clear upgrade. If you replace hardwood in the bedrooms with a nice carpet, that's a downgrade. How you live in the house and use it can help choose mater...
by Jack FFR1846
Mon Jun 14, 2021 6:40 pm
Forum: Personal Investments
Topic: Leaving Vanguard
Replies: 59
Views: 9143

Re: Leaving Vanguard

I'm curious. What' that Vanguard money market pay and what does your checking account pay?

My DCU checking account pays 0.5%, so I've got a bunch of money sitting there since I don't have a HYSA or money market fund that's paying more.
by Jack FFR1846
Mon Jun 14, 2021 12:04 pm
Forum: Personal Investments
Topic: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand
Replies: 22
Views: 1551

Re: "Tax Loss Harvesting" in a Financial Advisor pitch: help me understand

So you pay them 1% for them to throw the ball over the wall to a subcontractor who charges....I don't know....1% to do the actual work. Besides TLH, what else do they do? Do they choose funds that return kick backs to them and charge you 1%? Do they create a sea of funds to show you how smart they a...
by Jack FFR1846
Mon Jun 14, 2021 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Reaching retirement goal earlier then expected
Replies: 39
Views: 3703

Re: Reaching retirement goal earlier then expected

Numbers are easy enough to crunch. Do you know your post-retirement spending? If not, figure that out. Do you have liquid spendable assets at the rate needed to live off of (25X or 33X or 50X)? If not, how are you going to get that income? Will you have social security and/or a pension of some kind?...
by Jack FFR1846
Mon Jun 14, 2021 8:57 am
Forum: Personal Investments
Topic: Windfall management advice on DCA to a 90% stock portfolio
Replies: 19
Views: 1481

Re: Windfall management advice on DCA to a 90% stock portfolio

When I hear DCA, I just have to ask..... What are you doing with the money while you're waiting to invest it? I would hope that you put 100% of it into the market with the amount you're scared to invest in equities going into bonds. This will at least get you something while you're waiting to invest...
by Jack FFR1846
Sun Jun 13, 2021 6:34 pm
Forum: Personal Consumer Issues
Topic: Riding mower
Replies: 58
Views: 3544

Re: Riding mower

I'm going to bust your budget, but recommend a Kubota BX series compact tractor. They're 4 wheel drive, 3 cylinder diesel. You can get parts from any Kubota dealer or service if you don't work on stuff yourself. With turf tires, it'll do a lawn without damage. It'll last 10 times as long as any big ...
by Jack FFR1846
Sun Jun 13, 2021 6:22 pm
Forum: Personal Consumer Issues
Topic: Tire flat fixing for beginners
Replies: 153
Views: 7531

Re: Tire flat fixing for beginners

There's a lot of answers to these questions depending on the circumstances. Fix a flat can be the answer, especially if there's no cell service, light, or it's dangerous or difficult to change the tire. It can be the best way to get the vehicle to someplace safe to do a tire change (like your own ga...
by Jack FFR1846
Sun Jun 13, 2021 7:09 am
Forum: Personal Consumer Issues
Topic: Another thread on "Which car should I buy?"
Replies: 40
Views: 2980

Re: Another thread on "Which car should I buy?"

Honda Civic Hatchback EX - $26,309 as built on line. AWD, turbo. But I am afraid the Civic is too small with our family and kids growing. Fine for now but the kids are growing like weeds. The Civic is front wheel drive, not AWD. If you're considering something that small, look at the Subaru Crosstr...
by Jack FFR1846
Sat Jun 12, 2021 4:11 pm
Forum: Personal Consumer Issues
Topic: What would you do and why? [HELOC to buy used Porsche]
Replies: 82
Views: 6060

Re: What would you do and why? [HELOC to buy used Porsche]

Get a DCU used car loan at 1.49% https://www.dcu.org/search-redirects/auto-loans.html?adobe_mc_sdid=SDID%3D55A9A589579274FC-5AF1C2C3D6910C74%7CMCORGID%3D46051B125B89FACB0A495DD6%40AdobeOrg%7CTS%3D1623532220&adobe_mc_ref=https%3A%2F%2Fwww.dcu.org%2Fsearch-redirects%2Fauto-loans.html vs a HELOC at...
by Jack FFR1846
Sat Jun 12, 2021 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: More Expensive House in Retirement?
Replies: 24
Views: 3355

Re: More Expensive House in Retirement?

While a new, more expensive home holds equity, it's not usable or spendable until you sell. So when you do your calculations, you might need to do something more detailed than any of the ones that tell you that you've failed or succeeded. Putting together a spread sheet with year by year accountings...
by Jack FFR1846
Sat Jun 12, 2021 7:12 am
Forum: Personal Finance (Not Investing)
Topic: Voluntary retirement offer
Replies: 20
Views: 3138

Re: Voluntary retirement offer

Do the math. If you're close, you could consider leaving and getting another job. Even if you just go work for Lowes (there are help wanted signs all over the stores), you kick in more Roth money every year and get discounted insurance.
by Jack FFR1846
Fri Jun 11, 2021 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Ethical to Work with Two Realtors?
Replies: 31
Views: 3646

Re: Ethical to Work with Two Realtors?

As a buyer, I have never signed anything with a real estate agent. I've used multiple agents many times. We had a house hunting trip for a relocation and contacted an agent ahead of time. She showed us everything available the day after we arrived. Not satisfied, I contacted another agent and saw al...
by Jack FFR1846
Fri Jun 11, 2021 9:09 am
Forum: Personal Consumer Issues
Topic: Income req’d to afford pricey private school tuition?
Replies: 21
Views: 2292

Re: Income req’d to afford pricey private school tuition?

Having put my kids through both public and private schools, we learned quite a bit. All the private schools we used had big downsides somewhere. For one school, math was much slower than public. On the good side, English and keyboarding skills exceeded public by an enormous amount. Now that both our...
by Jack FFR1846
Fri Jun 11, 2021 6:36 am
Forum: Personal Consumer Issues
Topic: What to do with car that flooded
Replies: 38
Views: 2937

Re: What to do with car that flooded

I'm curious why your car's engine needed to be replaced after driving in only "about a foot" of water. Most cars would survive this without a problem. I'd guess that the water level in the engine compartment was much higher. The water got into the intake and into the cylinders. Once that ...
by Jack FFR1846
Thu Jun 10, 2021 4:53 pm
Forum: Personal Consumer Issues
Topic: Tires for 2012 Subaru Forester
Replies: 25
Views: 1364

Re: Tires for 2012 Subaru Forester

Tire Rack has good reviews of tires. Worth checking out.
by Jack FFR1846
Thu Jun 10, 2021 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: Selling a car in the pandemic: test drives
Replies: 36
Views: 2861

Re: Selling a car in the pandemic: test drives

I sold our Fusion during the height of the pandemic. Had the buyer wanted to drive it, I'd have handed him the key and he could have taken it out. I had already gone to a dealer, where we were looking at buying a car. They offered me $900 for it. Car Max, $1500. I sold it via craigslist for $2500. C...
by Jack FFR1846
Thu Jun 10, 2021 8:07 am
Forum: Personal Finance (Not Investing)
Topic: My auto insurance is crazy high
Replies: 57
Views: 6997

Re: My auto insurance is crazy high

Speak with an independent agent. When my son was searching for insurance for his first car, he got quotes from everyone, including from the independent agent I use. In the end, the independent got the best rate from the same company I use (Mapfre). It was about $100 a month for full coverage 500/250...
by Jack FFR1846
Thu Jun 10, 2021 6:07 am
Forum: Personal Finance (Not Investing)
Topic: which state to retire
Replies: 184
Views: 16808

Re: which state to retire

You really have a good starting point. It would be really difficult to find anywhere (save NYC) with higher taxes than NJ.
by Jack FFR1846
Wed Jun 09, 2021 7:54 pm
Forum: Personal Finance (Not Investing)
Topic: Lease new car?
Replies: 11
Views: 669

Re: Lease new car?

I have a much better idea. Go to DCU and get a second chance car loan on your current car. You get the cash to do what you want and don't pay the lease acquisition fee, dealer doc fee, lease turn in fee and high interest. DCU's second chance car loan is at the exact same rate as a new car loan.
by Jack FFR1846
Wed Jun 09, 2021 6:08 pm
Forum: Personal Consumer Issues
Topic: Idea: Buying a Car for Short-term rental and then Re-sell?
Replies: 29
Views: 1972

Re: Idea: Buying a Car for Short-term rental and then Re-sell?

Dealers make $2k or more selling a used car. So if you plan to buy, drive it, then sell it to a dealer, expect to lose that $2k plus the tax, registration, title. On a $15k car in my state, that's $1072.50. So now you'd be out three grand. I would agree with many other posters.....sell or trade in o...
by Jack FFR1846
Wed Jun 09, 2021 11:53 am
Forum: Personal Finance (Not Investing)
Topic: How finely tuned are car insurance rates to car specifics?
Replies: 28
Views: 1175

Re: How finely tuned are car insurance rates to car specifics?

Ask your insurance agent what the comparative rates will be. It is sometimes counter intuitive. In general, Subaru STi rates are much lower than Subaru WRX rates. Why? The much higher price of an STi reduces the number of flat brimmers who wrap their car around a tree. If you didn't know this, you'd...